TCS harmonic study and divergence,, lets see whats in the store,, nothing more to share simply charts tell every thing
This is the pure PRICE ACTION based analysis of Canara Bank stock. Since it made a double bottom with rsi divergence, it has to come up. Also it is consolidating up side with rsi also, there is more likely to go long.
Hindunilever price action study,, double divergence,, over sold lots of indication ,, time to take review of the particular trend
ITC bearish case study. Rising channel formation with resistance line around 270 levels. Bearish crab pattern formation with prz around 263-270. Elliot wave formation with impulse phase maturity around 272 levels RSI divergence between last two swing high ,, Taking all to gather 263-272 stiff resistance zone,, view gets violated above 277 levels. Counter made...
observations 1. MACD positive cross over 2. RSI positive divergence 3. price has taken support at imp fib levels.
NIFTY forming double bottom pattern near 18050 level. It indicating reversal sign in NIFTY. Once it gives breakout of it's neckline level then possible we will get 18580+ target in nifty according to the chart pattern.
The chart is self explanatory with all the levels marked. Enter at 2538 keeping a SL at major support i.e.2452 and we may see targets of 2722 (ATH) and more. Also observe an RSI bullish divergence. DYOR!
First of all, let's understand the current structure, LUPIN is currently making flat Bottoms so yes! a double bottom is in the making. Here RSI which is forming higher highs higher lows structure basically contradicts the price which is forming flat bottoms so this is what a bullish divergence looks like! So now we will plot Volume profile which shows highest...
PRICE ACTION STUDY TIME FRAME : 30MINS Hammer candle formation on 30 mins time frame, Which indicate sellers tried to push the price down with full force but at the end were not able to maintain lower price and buyers maintained the balance of buy and sell at particular levels, excess selling was absorbed. After formation Result :- As seller were not able to...
Lupin Just above it's support. Ideal to trade for a swing. We see a bear trap and a RSI bullish divergence at the same time.
Reliance spot cmp 2710 Harmonic + Elliot wave study Time frame :- Daily Bearish deep crab pattern formation with PRZ in range 2710-2740,, Alternate 1.618 AB= CD pattern matures around same levels.. From last 5 sessions counter is making high around 2720 levels and not able to close on higher end, Today counter gave good breakout above the consolidation of last...
Bearish crab pattern formation on daily time frame ,, with bearish divergence on RSI between high of last 2 swing,, prz in range 910-940 pattern vioaltion above 1011 counter just entered the prz range and gave a good reversal,,
BANK NIFTY SPOT 39700 Harmonic + Elliot + Chart pattern Time frame : Daily Bearish butterfly pattern formation on daily time frame with PRZ in range 39800-40000 levels In last leg of butterfly pattern that is in leg CD there is elliot wave fromation Elliot wave :- sub wave 5 of major wave (3) is on verge to mature, if major wave (4) unfolds retracement of 23.6...
Perfect bearish butterfly formation Equivalen ABCD pattern formation From right to left if u count Candle no 4,5,6 are doji,, Candle no 3 is inverted hammer Candle no 1,2 are inside candles of candle 3 Candle is bearish marabozu ( open =high)
Keep FOR (Fortube) in your watchlist. Buy on breakout of the descending triangle with good volume at POC (Point of Control levels) that is the price level for the time period with the highest traded volume that has utmost importance here so when that zone breaks with good volume we need to take an entry. This is high risk trade and so are the profits. Here we can...
Investment Purpose ! Monthly Chart Alert ! Fundamentals are good after all its a TATA !!!😅 Reversal Area near Bottom can push the price even more higher Like previous . 1) TATAMOTORS has completed the bullish BAT pattern ( Harmonic Pattern ) . 2) As per the rules , Ratios are very good . 3) Trendline Breakout with volume near support Zone . 4) RSI divergence...
To identify any divergence, first of all look at the current structure that the price is forming like the above case, Bharti Airtel is forming lower lows clearly and when we look at RSI it is forming up Higher lows. Therefore RSI contradicts the price and this tells us that RSI doesn't support what the price is doing so it's a bullish RSI Divergence. RSI here is...
Multiple bearish harmonic pattern formation on weekly time frame with bearish divergence on rsi and macd indicators,, prz levels of both pattern confluence around same levels,, counter have achieved the maturity levels of patterns,, waiting for reversal bearish candle on 60 mins and 240 mins,, once the confirmation is done,, expecting a fall of 7-10-15% in...